{"id":1109,"date":"2015-12-12T13:39:53","date_gmt":"2015-12-12T13:39:53","guid":{"rendered":"http:\/\/www.travelsandtrades.com\/?p=1109"},"modified":"2015-12-12T13:39:53","modified_gmt":"2015-12-12T13:39:53","slug":"dec-11-trade-update","status":"publish","type":"post","link":"http:\/\/www.travelsandtrades.com\/?p=1109","title":{"rendered":"Dec 11 &#8211; Trade update"},"content":{"rendered":"<p>I removed several 1160 BWBs for between 6.1-6.55 credit (I paid about 3.20 for them) so I closed them for a nice profit and cut my downside risk in half. I also added some 1100 bearish butterflies on each bounce as an additional hedge to the downside. The Jan Rhino&#8217;s ended the day at a delta of about 20 per unit.  I am comfortable with that.  We&#8217;re uber oversold on all levels. NYMO is reaching extreme levels and though I expect a down day on Monday, I think we&#8217;ll bounce off the SPX 1980-2009 area by Tuesday once we reach that extreme NYMO level.<\/p>\n<p>When volatility is high and we&#8217;ve got additional room to the downside, I like to buy Bearish butterflies as a hedge to my existing positions since they can be quite cheap. <\/p>\n<p>I only had Jan and Feb Rhino trades on during Friday&#8217;s fall and we ended the day neutral with no gain or loss (well ~-1200 according to my IB statement) but that&#8217;s negligible. Gotta love that. The RUT has moved from 1205 to 1120 (85 points) in a very short timeframe and the trades are all up money. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I removed several 1160 BWBs for between 6.1-6.55 credit (I paid about 3.20 for them) so I closed them for a nice profit and cut my downside risk in half. I also added some 1100 bearish butterflies on each bounce as an additional hedge to the downside. The Jan Rhino&#8217;s ended the day at a &hellip; <a href=\"http:\/\/www.travelsandtrades.com\/?p=1109\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Dec 11 &#8211; Trade update<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[28,29,27,25,33,31,32],"class_list":["post-1109","post","type-post","status-publish","format-standard","hentry","category-trades","tag-john-locke-m3","tag-john-locke-rock-trade","tag-john-locke-trades","tag-m3","tag-rhino-m3","tag-rhino-m3-trade","tag-rhino-trade"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5IMbd-hT","jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1109"}],"version-history":[{"count":1,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1109\/revisions"}],"predecessor-version":[{"id":1110,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1109\/revisions\/1110"}],"wp:attachment":[{"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1109"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}